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Merger talks between Dixons and Carphone Warehouse have hit a potential hurdle
after the owners of Phones4u approached the retailer about an alternative
deal.

Regulators granted Dixons and Carphone Warehouse an extension to their talks
over a potential merger that could create a FTSE 100 heavyweight. The delay
sent shares in Carphone Warehouse down by 3.5 per cent, but the decline
accelerated to 5 per cent after reports of attempts by Phones4u to disrupt
the merger with Dixons emerged.

Phones4u is owned by BC Partners, the private equity fund, which had signalled
that it could look to take advantage of a